Zohran Mamdani was happy to promise lower rent for New Yorkers on the campaign trail. But now that he’s the guy stuck with the bill, the mayor is having second thoughts.
The socialist seems to be walking back a campaign promise to expand the city’s billion-dollar rental voucher program. The City Fighting Homelessness and Eviction Prevention Supplement was launched in 2018 to help keep low-income New Yorkers out of shelters by subsidizing permanent housing. The program’s cost ballooned from $25 million in 2019 to $1.1 billion in 2025, making it one of the nation’s largest rental assistance programs.
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